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"Crimean Titans" will raise the cost of land lease

Authorities Armyansk (Perekop isthmus in the north of the Crimea), consider the possibility of increasing the cost of the lease of land on which are located the factory capacity of the private joint-stock company «Crimean Titan». «The current cost of use of land for businesses, Dmitry Firtash, established by the standards of 1999, has long lost its relevance» — commented the Mayor Armyansk Valentin Demidov. «A rise in prices for the rental of premises occupied by the» Crimean Titan «will be able to bring our deficit-free budget for the level of» — he added the head of the city.

The base price for the tenants of lands in Armyansk today is less than $ 4.5 per square meter. «Crimean Titan» town-forming enterprise of the village, is the main tenant of Armyansk, occupying an area of ​​4.8 thousand. Hectares. Payment of the company for the use of the land brought into the city treasury the second largest amount of funds receipts (income after fees).

The main activity of the company, a member of the International Group «OstChem», is the production of TiO2 (titanium dioxide), which are exported to more than 60 countries in the world. However, about 80% of production of PJSC «Crimean Titan» comes to foreign countries.